In an interview with Sky News aired on Tuesday, Lowy stood firm on his claim last week that Australia ran a clean bid in the face of the corruption scandal that has engulfed the sport's governing body, FIFA, in the past fortnight and forced its president Sepp Blatter to announce his resignation.
He also expressed his lament that Australia's $46 million bid, which earned one vote as the FIFA World Cup was controversially awarded to Qatar, never stood a chance and that he should have known it was doomed because of world football's politics.
"I'm not the best loser in the world. I have nightmares about all the work we did. And we didn't get anywhere," said Lowy, who has called for Blatter to stand down as soon as possible rather than keep his role while waiting for an election to find his replacement.
"You just go to get on with it. I take the responsibility and I take the blame. I should have known better.
"Had I known that we had less than 50 per cent of a chance, I probably wouldn't have been there."
The 2022 bid process is under fresh investigation by Swiss authorities, amid the separate arrests of 14 people connected to FIFA on corruption charges.
One of the arrested men, Jack Warner, is alleged to have stolen $500,000 from Australia's bid.
Lowy last week said Warner, the president of CONCACAF and a FIFA executive committee member since 1983, had a 'reputation as a colourful character'.
But the chief of the north and central American football association was considered 'hugely influential' to the World Cup vote, Lowy said.
CONCACAF asked for a $4 million donation towards a centre of excellence in Warner's Trinidad and Tobago, but the FFA and Australian bid team offered $500,000.
Lowy said the Australian money was paid to CONCACAF but it was ultimately found that Warner 'had committed fraud and misappropriated the funds - in other words he had stolen the money from CONCACAF'.
"There were no bribes in this process," Lowy said.
He said the Australian money paid to Warner was not part of a corrupt process.
"I have no concerns about that," Lowy said. "The money wasn't sent or given to Warner, it was a cheque transferred to CONCACAF.
"Today is a major event because it was found out that Warner pocketed that money. But he took that money not from us, but took the money away from CONCACAF.
"I became aware a year, maybe 18 months, after the event, that he pocketed that money."
Lowy said Australia was trying to claim the money back from CONCACAF but: "I don't know whether we are going to get it back".
